The Benefits of a Diverse Workforce – Part 2

The Benefits of a Diverse Workforce – Part 2

  • May 2021

(Photo by Christina @ wocintechchat.com on Unsplash)

By Phumelele Ndlovu, Human Resource Service Lead, Dynamic Talent

A company with an inclusive workplace culture has values that recognise the representation and acceptance of differences between individuals. These values celebrate diversity and appreciate the many benefits diversity presents for innovative planning and development in the organisation.

In a diverse workplace culture, the Human Resources department ensures that:

  • Remuneration and benefits are structured per role and not per incumbent;
  • Employees are encouraged to work collaboratively;
  • Individual characteristics are aligned with appropriate career planning and employee development, in an encouraging environment that is conducive to success.

Six benefits of an inclusive workplace

  • Enhanced collaboration. “Two minds are better than one.” Now, imagine the potential when 200 or even 1000 minds from different walks of life are united in an inclusive, empowering environment.
  • Lower staff turnover. Happy employees are less likely to leave, so talent is retained and repeated recruitment costs are saved. This enables the business to shift its focus to expansion and the creation of new opportunities.
  • Improved reputation. When an organisation treats their employees well, showing them respect and creating opportunities, word gets out. The organisation earns a reputation for being a leader in best practice, which makes it attractive to prospective employees and clients alike.
  • Increased profitability. A collaborative team of diverse employees may lead to a diverse client base, and when the business gains favour with clients from all walks of life, they access greater market share, leading to increased revenue. Engaged employees are inspired to create marketing strategies and products that speak to diverse groups, potentially reaching many new clients.
  • Higher job satisfaction. Incentivised employees who are treated fairly, who feel respected and appreciated, are most likely to outperform their unhappy counterparts. They produce high-quality work, elevate the productivity of their teams and report higher job satisfaction overall.
  • Promotes loyalty. An inclusive workplace culture encourages a sense of belonging, which encourages loyalty and unity. Employees feel attached to the business and act in its best interest, thus limiting the occurrence of misconduct and poor performance.

Contact Dynamic Talent here to discuss how we can help you to promote your company’s reputation as a diverse and inclusive employer.